Source : https://www.justice.gov/opa/pr/malaysian-financier-low-taek-jho-also-known-jho-low-and-former-banker-ng-chong-hwa-also-known
A three-count criminal indictment was unsealed today in federal court in the Eastern District of New York charging Low Taek Jho, 36, also known as “Jho Low,” and Ng Chong Hwa, 51, also known as “Roger Ng,” with conspiring to launder billions of dollars embezzled from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and conspiring to violate the Foreign Corrupt Practices Act (FCPA) by paying bribes to various Malaysian and Abu Dhabi officials. As part of the three-count indictment, Ng is also charged with conspiring to violate the FCPA by circumventing the internal accounting controls of a major New York-headquartered financial institution (Financial Institution), which underwrote more than $6 billion in bonds issued by 1MDB in three separate bond offerings in 2012 and 2013, while Ng was employed at the Financial Institution as a managing director. Ng was arrested earlier today in Malaysia, pursuant to a provisional arrest warrant issued at the request of the United States. Low remains at large.
Also unsealed today in federal court in the Eastern District of New York was the guilty plea of Tim Leissner, 48, the former Southeast Asia Chairman and participating managing director of the Financial Institution, to a two-count criminal information charging Leissner with conspiring to launder money and conspiring to violate the FCPA by both paying bribes to various Malaysian and Abu Dhabi officials and circumventing the internal accounting controls of the Financial Institution while he was employed by it. According to court filings, Leissner has been ordered to forfeit $43.7 million as a result of his crimes.
Principal Deputy Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division, U.S. Attorney Richard P. Donoghue for the Eastern District of New York, Assistant Director in Charge William F. Sweeney Jr. of the FBI New York Field Office, and Special Agent in Charge R. Damon Rowe of IRS Criminal Investigation (IRS-CI) Los Angeles Field Office announced the charges.
The Criminal Scheme
1MDB is a Malaysian state-owned and controlled fund created to pursue investment and development projects for the economic benefit of Malaysia and its people. As alleged in court filings, between approximately 2009 and 2014, as 1MDB raised money to fund its projects, billions of dollars were misappropriated and fraudulently diverted from 1MDB, including funds 1MDB raised in 2012 and 2013 through three bond transactions that it executed with the Financial Institution. As part of the scheme, and as alleged in court filings, Low, Ng, Leissner, and others conspired to bribe government officials in Malaysia, including at 1MDB, and Abu Dhabi to obtain and retain lucrative business for the Financial Institution, including the 2012 and 2013 bond deals. They also allegedly conspired to launder the proceeds of their criminal conduct through the U.S. financial system by purchasing, among other things, luxury residential real estate in New York City and elsewhere, and artwork from a New York-based auction house, and by funding major Hollywood films.
As alleged, Low’s close relationships with high-ranking government officials in Malaysia and Abu Dhabi were central to the scheme. Ng, Leissner, and others at the Financial Institution allegedly knew Low was close to these government officials, including a high-ranking Malaysian government official who had authority to approve 1MDB business decisions (Malaysian Official #1). According to allegations in court filings, beginning in approximately 2009 and continuing through 2014, Low, Ng, Leissner, and the other co-conspirators used Low’s relationships to obtain and retain business for the Financial Institution through the promise and payment of hundreds of millions of dollars in bribes, including to ensure 1MDB awarded the Financial Institution a role on three bond transactions known internally at the Financial Institution as “Project Magnolia,” “Project Maximus,” and “Project Catalyze.” As a result of its work for 1MDB during that time, the Financial Institution allegedly received approximately $600 million in fees and revenues along with increased reputational prestige. At the same time, Ng, Leissner and others allegedly received large bonuses and enhanced their own reputations at the Financial Institution. In total, according to allegations in court filings, more than $2.7 billion was misappropriated from 1MDB and Low, Ng, Leissner and others conspired to launder this money through the U.S. financial system to pay bribes to foreign officials and for the personal benefit of themselves and their relatives.
Project Magnolia
In early 2012, according to allegations in court filings, following a series of meetings in Malaysia and the United Kingdom, Low, Leissner, Ng and the co-conspirators agreed that, with the assistance of the Financial Institution, 1MDB would issue $1.75 billion in bonds guaranteed by an entity wholly-owned and controlled by the government of Abu Dhabi. Low allegedly explained to Ng, Leissner, and others at the time that, to complete the transaction, bribes would need to be paid to officials in Malaysia and Abu Dhabi and hundreds of millions of dollars were allegedly paid to officials in these countries. Court filings also allege that Low, Ng, Leissner, and other co-conspirators knew that Low intended to use funds misappropriated from the bond transaction to bribe and influence the officials to obtain the necessary approvals and any additional assistance to execute Project Magnolia for the Financial Institution and to pay kickbacks to Ng, Leissner, and others.
In or around March 2012, 1MDB allegedly selected the Financial Institution to be the sole bookrunner and arranger for Project Magnolia. As part of the scheme, Low and other co-conspirators allegedly enlisted the assistance of 1MDB officials, promising to pay them bribes and kickbacks. In one instance, as alleged in court filings, in connection with Project Magnolia, Low told one 1MDB official that he would “[g]ive [the official a] big present” when the transaction closed. According to allegations in court documents, the fact that bribes and kickbacks were being paid in connection with Project Magnolia was known to Ng, Leissner, and other employees of the Financial Institution.
After Project Magnolia closed on or about May 21, 2012, more than $500 million of the bond proceeds were allegedly misappropriated and diverted from 1MDB through numerous wire transfers to bank accounts in the name of shell companies beneficially owned and controlled by Low, Leissner, Ng, and other co-conspirators, including a high-level official at the Abu Dhabi entity that guaranteed the Project Magnolia bonds and a close relative of Malaysian Official #1. As alleged, the bond proceeds transferred to Malaysian Official #1’s close relative were later used by the relative’s U.S. motion picture company to assist in the production of the film “The Wolf of Wall Street.”
Project Maximus and Project Catalyze
Court filings further allege that from May 2012 and continuing through 2013, Low, Ng, Leissner, and their co-conspirators continued to work to ensure that the Financial Institution obtained and retained additional 1MDB business, including the bond transactions known as “Project Maximus” and “Project Catalyze,” which transactions generated substantial fees and revenues for the Financial Institution. As alleged, although both transactions were designed to raise more than $4 billion for 1MDB’s investment and development projects, Low, Ng, Leissner, and other co-conspirators used the transactions to further the criminal scheme, ultimately laundering hundreds of millions of dollars of diverted funds from these transactions into bank accounts beneficially owned and controlled by, among others, the co-conspirators, including Low, Leissner and officials in Malaysia and Abu Dhabi. As alleged in court filings, throughout this time, Ng, Leissner, and at least one other employee of the Financial Institution knew that Low would and did pay bribes to influence officials in Malaysia and Abu Dhabi to obtain the necessary approvals to execute Project Maximus and Project Catalyze. Low, Ng, Leissner, and others also allegedly knew that large portions of the bond proceeds would be illegally diverted to themselves and others, including to foreign government officials.
As part of the scheme alleged in court filings, Low, Ng, Leissner and other co-conspirators again used a series of wire transfers to launder billions of dollars of misappropriated and fraudulently diverted funds from Project Maximus and Project Catalyze. Following the close of Project Maximus, approximately $790 million of the bond proceeds was allegedly transferred through a series of shell company accounts beneficially owned and controlled by Low, Leissner and others, including accounts of officials in Malaysia and Abu Dhabi. In particular, Leissner and Ng allegedly caused millions of dollars of these funds to be transferred to accounts of 1MDB officials or relatives of such officials in exchange for their assistance in obtaining and retaining business for the Financial Institution. Over $35 million of the bond proceeds also allegedly was used by a co-conspirator to help acquire a condominium in New York, New York beneficially owned by Low...
Read more at source link provided at top of post.
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VOALTRON ago
Funny, I've lived my entire life without ever reading, or hearing about a single news story involving the country of Malaysia. Yet in just the last 3 years, I've read about a "missing" Malaysian air liner, another Malaysian airliner being shot down over Ukraine, and now, a multi-billion dollar international crime gang, connected to the mid-east, and the USA. Something about all this just has that unmistakable democRat party, [0bama] muzzie stench surrounding it.
SeekNuShallFind ago
Jho Low ties to Prince MbZ through his Jynwel Foundation.
Source
SeekNuShallFind ago
UNITED NATIONS GATE
Source
And also this now 404 page from UN on event featuring Jho Low's "charity" Jynwel Foundation.
Source
SeekNuShallFind ago
1MDB Global Involvement Map
JackBeowulf ago
they will get off, no problem.. nolo fault, fine.. wash, rinse, repeat. No One will hold them accountable.
SeekNuShallFind ago
Research links from previous post I made elsewhere:
Money Laundering, Sovereign Wealth Funds, Abu Dabi, Malaysia
https://goldismoney2.com/threads/90-federal-police-officers-raided-edmond-de-rothschild-bank-how-aabar-scandal-could-dwarf-1mdb.115525/ and https://www.hollywoodreporter.com/news/follow-money-wolf-wall-street-913395
Rothchild caught by Swiss money laundering
https://www.miragenews.com/rothschild-bank-caught-up-in-money-laundering-scandal/
90 Federal Police Officers Raided Edmond de Rothschild Bank
http://www.sarawakreport.org/2016/08/90-federal-police-officers-raided-edmond-de-rothschild-bank-how-aabar-scandal-could-dward-1mdb/
Hollywood businessman on the run. Hilton sisters, DeCaprio, Kerr lavish gifts seized.
http://www.malaysiandigest.com/features/748379-how-fugitive-financier-jho-low-stays-above-the-law.html and http://www.sarawakreport.org/2018/07/jho-low-and-the-china-issue/
Red Granite Pictures Inc. illumanti symbolism , Joey McFarland (odd instagram photos)
https://illuminatiwatcher.com/illuminati-symbolism-daniel-radcliffe-horns-film/ and https://www.hollywoodreporter.com/news/red-granite-missing-papillon-poster-1114293
Hillary, Russia, China, Uk, Mayo Clinic, Red Cross, Obaid PetroSaudi and Malaysia 1MDB and more.
https://medium.com/@Brian_Whit/saudis-russians-and-italians-the-murky-world-of-joseph-mifsud-77ad818d5376
Ties to SA takedown
http://www.theedgemarkets.com/article/1mdblinked-prince-turki-among-those-nabbed-corruption-saudi-arabia and https://realpolitikasia.blogspot.com/2017/11/1mdb-asset-seizures-enter-prince.html and https://www.malaysiakini.com/news/400873
SeekNuShallFind ago
http://www.theedgemarkets.com/article/1mdblinked-prince-turki-among-those-nabbed-corruption-saudi-arabia or http://archive.fo/IFDjV
1MDB-linked Prince Turki among those nabbed for corruption in Saudi Arabia
SeekNuShallFind ago
https://medium.com/@Brian_Whit/saudis-russians-and-italians-the-murky-world-of-joseph-mifsud-77ad818d5376 or http://archive.is/3Jjgi
Tallest_Skil ago
Reminder that the courts remain owned by jews.
TiffanyBlu4 ago
good
Keneo77 ago
Can they link it to Trudeau by any chance?
playdoh ago
Oh man, I hope so. I hope this leads back to Jamilah Taib Murray and the upper echelons of Ottawa society, including the Trudeaus and the government officials who always declined to investigate her. Hopefully half of the Rideau Club, too.
Keneo77 ago
We need help to take that Pos down. I doubt we have anyone in Canada investigating his crimes.
peoplecleaner ago
Remember "This Video Will Get Donald Trump Elected" Q posted Look at 2:31 I was wondering with Goldman Sucks was gonna be in the news. Promises Made...
corrbrick ago
Good catch!
AncientFrogGod ago
I stopped at Low Tech Ho.
SeekNuShallFind ago
It links to a Dossier player too. Joseph Mifsud.
PetroSaudi/1MDB - Tarek Obaid is PetroSaudi Director. His brother is Nawef Obaid. They are among three sons of a former businessman and arms dealer, Essam Obaid.
Misfud/Link Universkty - Obaid Family Foundation (EDOF) and Link University
Misfud/Obaid/Turki - Nawaf Obaid acquired the titles of "visiting fellow" at the London Academy of Diplomacy (at a time when Joseph Mifsud was its director) and "senior fellow" at the King Faisal CSIS in Riyadh, which was headed by Turki al-Faisal.
source one, source two
poshpepe ago
Great work, Anon!
Ishahn ago
Nice lets get this party started. Lots of shit to clean.
SeekNuShallFind ago
Pictured left to right : Tarek Obaid, Prince Turki and Najib Razak - the three named Shareholders of the 1MDB PetroSaudi Joint Venture meeting a month before the deal on the yacht Tatoosh.
asmo88 ago
Q said it post 34 mr podesta arrest 11.3 maybe we will see
Sk8rminion ago
Docket last updated: 11/02/2018 11:59 PM EDT
https://www.pacermonitor.com/public/case/22942514/SWEIGERT_et_al_v_PODESTA_et_al
RCMike_CHS ago
Lots of tentacles in this scheme. No doubt spurred other investigations and indictments!
fuckmyreddit ago
It's always interesting how they call thieves "financiers."
thatguyiam ago
No problem here, MOVE ALONG GOATS.
Embrace dereguglation and globalization faggoats. Quit your whining!
late2thegame ago
How do you know "a major New York-headquartered financial institution (Financial Institution)" was Goldman Sachs? They were not specifically listed in the article.
SeekNuShallFind ago
Research
vivalad ago
Tim Leissner was the former Southeast Asian Chairman of Goldman
late2thegame ago
Thank you. Guess I could have dug that up myself....
thatguyiam ago
They ALL have to be neurered. Every fucking singe one of them
57005-177 ago
Ng? Interesting name. There is a serial killer in San Quentin named Charles Ng. That was the last I heard this last name since your research.
His partner Leonard in crime committed suicide in interogation after he swallowed a cyanide pill hidden in his collar.
SeekNuShallFind ago
To get up to speed on this web the sarawak report has had the scoop from the beginning. http://www.sarawakreport.org/2018/11/the-boys-in-blue-catch-up-with-the-masters-of-the-universe-comment/
Sam63 ago
Great news. These rats will turn on each other big time. These evil bastards thought they were untouchable. The deep state is no longer running things and cant protect these low lives. Patriots that love America and it citizens are running things now.
WWG1WGA
grace8 ago
Does anyone understand who paid int these bonds. Was it money publicly raised? Did other countries send the money? Was it the Malasian gov itself through taxes? whoever writes up white collar crime does a terrible job of showing who the victim's are. Obviously, money was supposed to go to better Malasia but who gave the money.
SeekNuShallFind ago
Is the missing Low Taek Jho, also known as Jho Low's life in danger?
Source https://newmalaysiatimes.com/2018/11/01/if-jho-lows-life-in-danger-who-else-faces-similar-threat/
Kirbyrambo ago
Big deal! Just a few pan faces taking the heat to deflect attention from the Joos.
SeekNuShallFind ago
Goldman Sachs, Tarek Obaid, Prince Turki, Hong Kong, China, Venezuela, New Zealand, Australia and so much more.
Raof ago
Disappointed not to see the names Hillary, Bill or plastic face Chelsea anywhere in the article
Blacksmith21 ago
This is directly tied to the downing of the Indonesian airliner 2 weeks ago.
WinOneForTheQuipper ago
saw a headline on bing that a diver on the wreckage died.
Blacksmith21 ago
Anything is possible. Diving is dangerous.
WinOneForTheQuipper ago
I know. I really just mentioned it as an interesting aside.
Blacksmith21 ago
Hey, ya never know....Loretta Fuddy drowned "diving". Look close. You can see a swimmer pull her under.
https://www.youtube.com/watch?v=9v636AlaVmE
WinOneForTheQuipper ago
Yeah, I remember seeing that video and reading posts and stuff about that awhile ago. Another good reason to mention things that might seem insignificant or unconnected, because you never do know.....
Blacksmith21 ago
I like your handle. Tuesday is going to be spectacular. I hope. I have faith. Say a prayer or three.
WinOneForTheQuipper ago
Thanks, I know it probably dates me, but I don't care. I can't wait to vote Tuesday, I always do it on the day, in person. My faith in some things may occasionally falter, but faith in God is constant. I don't think I've stopped praying since Don rode down the escalator!
Blacksmith21 ago
We're cut form the same bolt.
WinOneForTheQuipper ago
Old School Rocks! 😊
swordfish69 ago
Ding ding ding.
Blacksmith21 ago
On another note - Did you watch the most recent episode of AHS? It pretty much confirms our last 2 years of SRA and Cabal research.
Empire_of_the_mind ago
of course not, why would we be watching tv?
Blacksmith21 ago
Because it often holds the keys to the secrets we are working to unlock.
Blacksmith21 ago
Specifically the remake of Red Dawn, where the NORKs invade the US.
HelloDolly ago
The tangled web will be hard to follow but once they start pulling the thread that sweater will unravel. Can't happen too soon.
GranimalSnake ago
God is that a lot of money. I can't even picture such a thing.
pckpat ago
Poor Mr. Low- I bet he's really going to miss that $35+ M condo in NYC. Good apts. are hard to find.
SeekNuShallFind ago
Yes, Red Granite Pictures. Did some research into them, evil looking.
Blacksmith21 ago
See the remake of Red Dawn. Money hole.
GranimalSnake ago
They love doing shit like that. We are all the butt of many laughs... well, were.
Now whose laughing?
babywayne ago
Good. Way past time to break the stranglehold of Goldman Sucks.
EnterTheUnKnown ago
Government Sachs
Yuke ago
Goldman Sucks + Government Sachs = ...
boxofcrackers ago
Goldman Sucks + Government Sachs = Govman Sux
fartyshorts ago
Gold man sucks government sacks?
2fast4u92 ago
(((Goldman sachs))) oh look another "coincidence"